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Biggest Mainline IPO Failures in India 2019

The performance of an IPO is measured based on its price movements on the listing day. When the closing price of the IPO on the listing day is below the issue price, the IPO is said to have flopped.

The listing day is viewed as an important day for many investors who wish to make quick profits by selling the IPO shares on that day. The real demand and value of the share gets assessed on the listing day when the share becomes accessible to all who missed to buy the IPO shares or did not get an allotment.

An IPO can fail on account of many factors that may include issue with company fundamentals, management, wrong timing, incorrect valuation, lack of planning, etc. Thus, an investor should assess the company well before investing the hard earned money.

<< Year 2018	2019	Year 2020 > >

Biggest Mainline IPO Flops 2019

Issuer Company	Issue Type	Listing Date	Issue Size	Subscribed	Issue Price	Listing Day Price	Current Price	52 Week High	52 Week Low
Xelpmoc Design and Tech Limited	Mainline	Feb 04, 2019	Rs 23.00 Cr	3.25x	Rs 66.00	Rs 59.85 (-9.32%)	Rs 118.35 (79.32%)	Rs 155.80 (Apr 25, 2024)	Rs 73.30 (Oct 26, 2023)
Sterling and Wilson Solar Ltd	Mainline	Aug 20, 2019	Rs 3145.16 Cr	0.85x	Rs 780.00	Rs 725.35 (-7.01%)	Rs 724.25 (-7.15%)	Rs 828.00 (May 21, 2024)	Rs 253.00 (Oct 19, 2023)
Prince Pipes and Fittings Ltd	Mainline	Dec 30, 2019	Rs 500.00 Cr	2.21x	Rs 178.00	Rs 166.60 (-6.4%)	Rs 694.10 (289.94%)	Rs 776.00 (Jan 05, 2024)	Rs 521.35 (Mar 14, 2024)
MSTC Limited	Mainline	Mar 29, 2019	Rs 212.04 Cr	1.46x	Rs 120.00	Rs 114.20 (-4.83%)	Rs 874.85 (629.04%)	Rs 1,165.00 (Jan 31, 2024)	Rs 335.25 (Jul 04, 2023)
Spandana Sphoorty Financial Ltd	Mainline	Aug 19, 2019	Rs 1202.34 Cr	1.05x	Rs 856.00	Rs 848.40 (-0.89%)	Rs 742.00 (-13.32%)	Rs 1,243.20 (Jan 12, 2024)	Rs 678.05 (Jun 04, 2024)

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<< Year 2018	2019	Year 2020 > >

The above list represents data from 2007 till date.
The current market price may not be a true reflection of the IPO performance as of today as it is includes the effect of price change on account of corporate actions like stock split, bonus (if any) till date.

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